55751, Iron, MN

The 55751 zip code of Iron, MN has a median home value of $128,000. This is a decrease from the median home value of $135,000 in 2016. The decrease in home values can be attributed to the current market conditions and the lack of available inventory.

In addition to the median home value, there is also a wide range of home prices within this zip code. The lowest priced homes are valued at $75,000 while the highest priced homes are valued at $225,000. This indicates that there is a great deal of variation in home values within this zip code.

One factor that may contribute to this variation in home values is location. Homes located in desirable neighborhoods tend to have higher values than those located in less desirable areas. Additionally, newer homes typically have higher values than older homes.

Despite these variations in home values, most homeowners within the 55751 zip code are able to afford their homes without difficulty. In fact, nearly two-thirds (64%) of homeowners report that they are able to pay all their bills on time without having to resort to using any extra money or borrowing from friends or family members.

Overall, it appears that homeownership rates and home prices remain relatively stable within the 55751 zip code despite current market conditions. While there may be some variation in price among individual homes, overall trends suggest that most homeowners are able to maintain their property equity and enjoy healthy housing prices